How to Setup Belgian Double Declining Depreciation Method With Switch to STL Method?
(Doc ID 2315029.1)
Last updated on AUGUST 23, 2021
Applies to:Oracle Assets - Version 12.2.5 and later
Information in this document applies to any platform.
The current formula method that allows for a Double Declining Method with STL switch uses a calculation based on NBV for both DB and STL method when analyzing for the switch.
Belgian law requires that the depreciation amount be based on NBV calculation for DB method and be compared with a depreciate amount based on asset cost for STL method.
Need to be able to comply with Belgian tax reporting requirements.
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